Johnson Electric Reports Business and Unaudited Financial Information for the First Quarter of Financial Year 2017/18

HONG KONG, CHINA - Media OutReach
- 11 July 2017 - This news release is made by Johnson Electric Holdings Limited
("Johnson Electric" or the "Company") for the business operations
and selected unaudited financial information of the Company and its
subsidiaries (the "Group") for the quarter ended 30 June 2017.

The Board of Directors of the Company considers the publication of
quarterly performance updates to be consistent with international
corporate disclosure best practice. The objective of this news
release is to provide transparency and to ensure that investors and
potential investors receive equal access to the same information at
the same time.

The Group's sales for the quarter ended 30 June 2017 were US$753
million compared to US$686 million in the same quarter in 2016 --
an increase of nearly 10%.

Excluding currency effects and the acquisition impact of AML and
Halla Stackpole, sales increased by nearly 6% to US$706 million.
Foreign exchange rate movements, particularly lower average rates
for the Chinese Renminbi, the Euro and the Canadian Dollar against
the US Dollar compared to the same quarter last year, had an
adverse impact of US$15 million on the Group's sales.

Automotive Products Group
("APG")

Sales, excluding currency effects and the acquisition impact of AML
and Halla Stackpole, increased US$23 million, or 4%, compared to
the same period last year, as shown by region below:

Asia increased 10%
Europe increased 2%
Americas increased 3%

APG's organic sales growth was largely driven by increased demand
for products for powertrain cooling, braking, power liftgate,
heating, ventilation and air-conditioning and windowlift
applications. This was slightly offset by the revenue impact of mix
changes and the phasing of Stackpole's new lower cost, more
efficient pumps and also by reduced sales of powder metal
components primarily due to delayed orders in the energy segment.

In May 2017, the Group acquired an additional 50% equity interest
in Halla Stackpole Corporation, taking its total ownership to 80%.
Halla Stackpole's sales since this acquisition were US$25 million.
On a pro-forma basis, excluding currency effects, Halla Stackpole's
underlying sales grew by 8% compared to the same quarter last year.

Industry Products Group ("IPG")

Sales, excluding currency effects, increased US$16 million, or
almost 10%, compared to the same quarter last year, as shown by
region below:

Asia increased 23%
Europe increased 8%
Americas decreased 2%

IPG's sales growth was mainly driven by increased share and the
ramp-up of a variety of major customer accounts in Asia. In
Europe, sales benefited from new business wins and the ramp-up of
existing customer programs in lawn and garden and metering
applications. In the Americas, growth in the lawn and medical
segments was more than offset by the combined effect of significant
inventory replenishment activity in the white goods segment in the
same quarter last year and new product phasing in the metering and
ventilation segments.

Chairman's Comments on First Quarter's Sales Performance and
Outlook

Concerning the first quarter's sales performance, the Chairman and
Chief Executive, Dr. Patrick Shui-Chung Wang, said, "
Johnson Electric's sales performance in the first quarter of the
2017/18 financial year was very encouraging. Our Automotive
Products Group continued to deliver solid organic growth despite a
quite noticeable slowdown in overall market demand in North America
and China compared to the same period a year earlier. And our
Industry Products Group produced an exceptionally strong first
quarter with sales growth coming from a range of customers and
industry applications."

Dr. Wang further commented: "The operating environment remains
rather mixed with the highly unpredictable global political
landscape being perhaps the most significant risk to the global
economy at the present time. Notwithstanding these
uncertainties, the Group is off to a good start in the current
financial year with market share gains and significant new business
awards across several key automotive and industry applications
."

Cautionary Statement

Shareholders and potential investors in the Company are reminded
that the information provided in this news release, including
information related to the expected outlook for the full year, is
based on the Group's unaudited internal records and management
accounts. This information has not been reviewed or audited by the
Company's auditors.

Shareholders and potential investors should exercise caution when
dealing or investing in the shares of the Company.

About Johnson Electric Group

The Johnson Electric Group is a global leader in electric motors,
actuators, motion subsystems and related electro-mechanical
components. It serves a broad range of industries including
Automotive, Smart Metering, Medical Devices, Business Equipment,
Home Automation, Ventilation, White Goods, Power Tools, and Lawn
& Garden Equipment. The Group is headquartered in Hong Kong and
employs over 39,000 individuals in more than 20 countries
worldwide. Johnson Electric Holdings Limited is listed on The
Stock Exchange of Hong Kong Limited (Stock Code: 179). For further
information, please visit:
www.johnsonelectric.com
.